Norada Real Estate

JULY 3, 2025

For instance, the current average rate for a 30-Year Fixed FHA Loan is 6.92% , which allows borrowers with lower credit scores or smaller down payments to access financing. Homeowners should monitor the market closely to find ideal windows for refinancing.

Loans

Marco Santarelli

APRIL 2, 2025

There's some welcome news on the mortgage front today, April 2, 2025. The average rate for a 30-year fixed mortgage has finally dipped, offering a bit of relief to those watching rates closely. We're seeing rates edge down, which could make homeownership a little more attainable.

Mortgages

Marco Santarelli

JULY 31, 2025

Beyond the 30-Year Fixed: Other Mortgage Options While the 30-year fixed-rate mortgage is the most popular, it's not the only game in town. Here's the deal: The Fed's Monetary Policy: The Fed sets the federal funds rate, which influences borrowing costs throughout the economy.

Mortgages

Redfin

JULY 30, 2025

If you’re wondering if you’re ready to buy a house , consider these three factors: Financial stability: If you have a low credit score, lots of debt, and not enough funds to cover a down payment and closing costs, you may want to wait to buy a home. Closing costs: Typically 2-5% of the home’s purchase price. What are the closing costs?

Pre-approval

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. Will Mortgage Rates Finally Drop?

Mortgages

Redfin

JULY 31, 2025

Skipping the home inspection or even small oversights can delay the closing date or have long-term consequences. Don’t max out your credit card debt Maxing out your credit cards is one of the biggest mistakes you can make before closing. If you shop around first, you could end up with a lower interest rate and better terms.

VA loan

Norada Real Estate

JUNE 7, 2025

As shown in the mortgage rates table, the 30-year fixed-rate loan currently sits at 7.04% , which is slightly higher than rates seen in the previous weeks. This rate currently stands at 6.83%. FHA and VA loans are prominent in this category.

Mortgages

Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. Along with the expertise you’ll receive, some programs or lenders may offer incentives for completing courses such as lower interest rates and down payment assistance. FHA Loan: Designed for buyers with lower credit scores.

Purchase and sale agreement

Marco Santarelli

MARCH 31, 2025

Today's Mortgage Rates for March 31, 2025: A Slight Drop Offers Opportunity Key Takeaways Here's a quick look at the important points for today: Slight Rate Decrease: Average 30-year fixed mortgage rates dropped by 3 basis points to 6.59%. The 30-year fixed refinance rate is 6.55%.

Mortgages

Redfin

APRIL 11, 2025

When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Owning a home can also bring more financial stability , especially with a fixed-rate mortgage, as it offers predictable monthly payments, compared to rent, which can rise.

Marketing

Marco Santarelli

JUNE 20, 2025

Federal Reserve Policy: The Federal Reserve's monetary policy, particularly decisions regarding the federal funds rate, has a direct impact on interest rates across the board. Bond Market Activity: Mortgage rates are closely tied to the bond market, specifically the yield on 10-year Treasury bonds.

Mortgages

Marco Santarelli

JULY 1, 2025

VA Loans: These loans are guaranteed by the Department of Veterans Affairs and are available to eligible veterans, active-duty military personnel, and surviving spouses. Other Experts: Major players like Fannie Mae are suggesting rates could fall to around 6.1% Wells Fargo anticipates rate dropping to 6.5%

Mortgages

Redfin

JULY 30, 2025

Homebuyer education Many first-time buyer programs require completion of an education course covering topics like budgeting, credit, house hunting , and closing. down; 500 with 10% down Primary residence, mortgage insurance required VA loans Eligible U.S. This will show lenders you’re a reliable borrower.

Debt-to-income ratio

Marco Santarelli

MAY 2, 2025

If you're in the market for a home, you're probably glued to mortgage rates! As of today, May 2, 2025, the states with the lowest mortgage rates for a 30-year new purchase are New York and Washington. These nine states showed average mortgage rates hovering between 6.68% and 6.85%.

Mortgages

Marco Santarelli

JUNE 3, 2025

National Mortgage Rate Trends: A Bird's Eye View To put these state-specific rates into perspective, let's zoom out and look at the national averages. According to Zillow, the average rate for a 30-year fixed-rate mortgage is 7.00%. The Big Picture: What's Driving Mortgage Rate Fluctuations?

Mortgages

Norada Real Estate

JUNE 7, 2025

Notably, FHA loans have seen a more significant jump in their 30-year fixed rate. This could disproportionately affect first-time homebuyers or those with lower credit scores who often rely on these types of loans. For most people seeking stability, a fixed-rate mortgage is still the preferred choice.

Mortgages

Marco Santarelli

JUNE 26, 2025

Plus, putting down at least 20% can help you avoid private mortgage insurance (PMI). Consider Different Loan Types: Explore different loan types like fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, and VA loans to see which one best suits your financial situation.

Mortgages

Marco Santarelli

JULY 18, 2025

As of today, July 18, 2025, these states are experiencing the highest rates: Alaska: You might see rates around 6.97%. West Virginia: Lookout for, rates averaging 6.99%. North Dakota: Approximatley 7.01% rate. Rates you might see close to 7.03%. Wyoming: Rates averaging roughly around 7.04%.

Mortgages

Redfin

AUGUST 5, 2025

There are several advantages to buying a house with cash, including winning bidding wars and closing quickly on your dream home. Oftentimes, it’s more appealing to the seller because it promises a faster and simpler closing. Taking out a mortgage is, of course, an option as well. However, there are drawbacks as well.

Earnest money deposit

Marco Santarelli

MAY 6, 2025

States With the Lowest Mortgage Rates Today May, 06 2025 National Mortgage Rate Snapshot Before we zoom in on the states with the lowest rates, let's get a national overview. As of today, May 6, 2025, the national average for a 30-year fixed-rate mortgage is 7.00%.

Mortgages

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. Will Mortgage Rates Finally Drop?

Mortgages

Marco Santarelli

JUNE 4, 2025

Rates vary significantly depending on the loan type (conforming, government, jumbo) and loan term. Experts predict mortgage rates in 2025 to potentially moderate slightly towards the end of the year.

Loans

Marco Santarelli

APRIL 10, 2025

Current Mortgage Rates as of April 10, 2025: Mortgage Type Average Rate Today 30-Year Fixed 6.85% 20-Year Fixed 6.61% 15-Year Fixed 6.21% 7/1 Arm 7.55% 5/1 Arm 7.31% 30-Year FHA 5.95% 30-Year VA 6.45% (Source:Zillow) These rates have climbed from around 6.45% in March, highlighting a considerable shift in the mortgage landscape.

Fixed-rate mortgage

Marco Santarelli

MAY 22, 2025

National Average: The national average for a 30-year fixed-rate mortgage is currently at 7.11%, showing a slight increase due to bond market activity influenced by President Trump's proposed tax bill. Why Did Mortgage Rates Jump? Shop Around: Don't just settle for the first rate you're offered.

Mortgages

Marco Santarelli

JUNE 28, 2025

Understanding Adjustable Rate Mortgages (ARMs) Before we get too far ahead, let's quickly review what an Adjustable Rate Mortgage (ARM) actually is. Unlike fixed-rate mortgages, where your interest rate stays the same for the life of the loan, ARMs have an interest rate that can change periodically.

Mortgages

Marco Santarelli

FEBRUARY 1, 2025

Today's Mortgage Rates February 1, 2025: Rates Drop Again Key Takeaways Current Average Rates : 30-year fixed: 6.59% 15-year fixed: 5.89% 30-year FHA: 6.29% 30-year VA: 6.06% Inflation Impact : Elevated inflation makes significant rate drops less likely in the near future.

Mortgages

Housing Wire

NOVEMBER 13, 2024

Purchase loan demand drove the slight increase in the MBA’s Market Composite Index, which measures loan application volumes. Refinances, however, were down 2% as mortgage rates continue to climb close to 7%, according to HousingWire ‘s Mortgage Rates Center. during the week.

FHA loan

Marco Santarelli

APRIL 8, 2025

Today's mortgage rates, as of April 8, 2025 , show an average of approximately 6.50% for a 30-year fixed-rate mortgage. This figure reflects a slight decrease in rates following recent political news but remains susceptible to fluctuations due to inflationary pressures. What Influences Mortgage Rates?

Mortgages

The Mortgage Report

JUNE 12, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

JULY 22, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Housing Wire

DECEMBER 23, 2020

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8% Mortgage rates are closing the year at record lows,” Kan said.

Fixed-rate mortgage

Housing Wire

DECEMBER 8, 2021

“Mortgage rates declined for the first time in a month, prompting a pickup in refinancing, with government refinances increasing more than 20% over the week,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. of total mortgage applications, down from 59.4% in the same period.

FHA loan

Housing Wire

OCTOBER 11, 2023

As the 30-year, fixed-rate mortgage hit 7.67% for the week ending Oct. 6, mortgage applications remained near historic lows. However, an uptick in adjustable-rate mortgage (ARM) applications edged total applications up slightly. Mortgage applications picked up 0.6% for the week ending Oct. from 14.5%

Loans

Housing Wire

DECEMBER 22, 2021

of total mortgage applications, up from 63.3% VA loans comprised 11.5%, an increase of nine basis points. Meanwhile, the share of FHA loans remained unchanged at 9.6% The share of USDA loans was 0.5%. For jumbo mortgage loans (greater than $548,250), rates went to 3.31% from 3.32% the week prior.

Mortgages

HomeLight

NOVEMBER 20, 2023

Along with the obvious advantage of a lower interest rate, an assumed loan can also come with fewer transaction fees and greater speed. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination. Generally, government-backed or insured loans are the most common assumable loans.

FHA loan

HomeLight

OCTOBER 15, 2020

Here’s a quick rundown of the three major government-backed loans. FHA loans : These are mortgages offered by the Federal Housing Administration , and they’re geared toward buyers with lower credit scores who don’t qualify for a conventional loan. Fixed-rate mortgage. Move in and start paying.

Loans

Norada Real Estate

JUNE 22, 2022

As a cash buyer, you can also save on closing costs. You don't need to pay a bank attorney for the mortgage. Financing turnkey rental properties with cash means you don't need to put real estate taxes in escrow upfront nor pay for a mortgage application and loan origination fees. Fixed-rate mortgages.

Finance